Feeling broke? Here’s one reason, according to SFGate: “As of June, median annual household income was 4.8% below December 2007, when the recession began, dropping from $56,000 to $54,000. Going back to the good old days, it’s down 5.9% from January 2000, according to the Sentier Research Group, which compiled the numbers from the latest Current Population Survey by the U.S. Census Bureau.”

Argentina’s plan to pay its bondholders by swapping the country’s U.S. bonds with Argentine paper could be a setback for hedge fund manager Paul Singer, who has been pursuing the country relentlessly for more than a decade. “If you receive the money in Argentina, it’s yours,” Diego Ferra of Greylock Capital in New York told the New York Post. “I don’t know how they can say you can’t bring it back to New York.”